Coinbase Trading Volume Plummets 48.72% to $4.914 Billion Amid Cybersecurity Scare

On June 23, 2025, Coinbase Global (COIN) experienced a significant decline in trading volume, with a 48.72% decrease from the previous day, resulting in a trading volume of $4.914 billion. The stock price of Coinbase also fell by 0.29%.

Coinbase Global, Inc. (COIN) disclosed a material cybersecurity incident, which led to a slide in its share price. The incident raised concerns among investors about the security of the platform and its ability to protect user data. This disclosure came as a shock to the market, as cybersecurity incidents can have severe repercussions on a company's reputation and financial performance.

On May 15, 2025, investors in Coinbase Global, Inc. (NASDAQ: COIN) experienced a significant drop in share price due to the disclosure of a material cybersecurity incident. This incident highlighted the vulnerabilities in the company's security measures and raised questions about its ability to safeguard user information. The impact of this incident on the company's stock price was immediate and substantial, reflecting the market's concern over the potential long-term effects on the company's operations and reputation.